Charlotte

Charlotte airfares increased slightly, still above national average

April 23, 2014

(The Charlotte Observer)

Airfares were up 0.5% in the fourth quarter at Charlotte Douglas International Airport compared with the same period a year ago. The average price for a round-trip domestic ticket at the airport was $405.50 while the national average was $381.

Dixon Hughes Goodman names Snow chief executive

April 23, 2014

(The Charlotte Observer)

Charlotte-based Dixon Hughes Goodman named Matt Snow CEO. Snow joined the firm seven years ago and was previously managing partner for the Charlotte region at the accounting and advisory firm.

AT&T adds Charlotte, Greensboro to list of candidates for faster Internet service

April 22, 2014

(The Charlotte Observer)

AT&T has added Greensboro, Charlotte, Gastonia and Huntersville to the growing list of metropolitan areas where it hopes to bring Internet service that is up to 100 times faster than standard service. The company announced earlier this month plans to bring its new fiber network to the Triangle and Winston-Salem areas.

Study reveals Duke's campaign contributions to McCrory

April 22, 2014

(The News & Observer, Raleigh)

A study by Montana-based National Institute on Money in State Politics shows Gov. Pat McCrory received $98,000 in campaign contributions from former employer Duke Energy from 2000-2012, including $16,000 from the utility's PAC and $82,000 from executives.

Recent college grads bolster Charlotte apartment construction

April 21, 2014

(The Charlotte Observer)

Apartments.com ranked Charlotte the No. 2 city for recent college graduates, behind Denver, Colo. The list was based on factors including affordability, median income and unemployment rates. Developers say millenials who aren't ready to buy houses are flocking to the city, fueling the surge in apartment construction.

Wells Fargo cuts more mortgage workers in Charlotte region

April 21, 2014

(The Charlotte Observer)

Wells Fargo laid off 33 workers in Fort Mill, S.C. as part of 323 nationwide job cuts in its mortage division. The San Francisco-based bank, which has laid off hundreds of Charlotte-area mortgage workers during the past year, reported last week that refinance applications had fallen to 39% of its total mortgage applications, down from 65% a year ago.

GOP legislators blindsided by announcement of McCrory's coal-ash plan

April 21, 2014

(The News & Record, Greensboro)

State Sen. Tom Apodaca said GOP legislators were not given advance notice of Gov. Pat McCrory's plan for dealing with Duke Energy's coal-ash problems. Two weeks ago, Apodaca was assigned to work with House Republicans in crafting legislation to deal with coal-ash issues, but that group was not consulted when McCrory announced his new proposal last week. 

Mecklenburg, surrounding counties to expand early voting despite new voter law

April 21, 2014

(The Charlotte Observer)

While 38 N.C. counties will reduce the number of early voting hours in this year's primary election, Mecklenburg County will increase the number of hours in which to vote early from 121 in 2010 to 788. Cabarrus, Gaston, Iredell and Union counties also will expand early voting hours.

Duke has spent $15 million on ash cleanup

April 18, 2014

(The Charlotte Observer)

As of March 31, Duke Energy has spent $15 million to clean up the Feb. 2 coal-ash spill near the Dan River plant in Eden. The Charlotte-based company has said it will pay for all costs associated with the spill, but if it is required to close its 33 ash ponds across the state, costs for those projects will be passed along to customers.

Bowles named CFO of Movement Mortgage

April 18, 2014

(The Charlotte Observer) 

Laura Bowles has been named chief financial officer of Virginia Beach, Va.-based Movement Mortgage, the company founded by former Carolina Panther Casey Crawford. Bowles is the daughter-in-law of former UNC system president Erskine Bowles. About 250 of Movement Mortgage's 1,200 employees are in Charlotte.

Charlotte one of four cities to bid on hosting ACC baseball tournament

April 17, 2014

(The Charlotte Observer)

Charlotte joins Durham, Greensboro and Winston-Salem in submitting a bid to host the ACC baseball tournament beginning in 2015. This year's tournament will be held May 20-25 at Greensboro's NewBridge Bank Park. League officials could decide by mid-May which city will host the next four tournaments.

McCrory announces oversight plan for Duke Energy's ash ponds

April 17, 2014

(The News & Observer, Raleigh)

Gov. Pat McCrory plans to ask state legislators for broader authority over the handling of coal-ash at Duke Energy's 33 ash ponds in North Carolina. McCrory, a former Duke Energy employee, wants site-specific plans that would remove ash from some ponds while leaving others drained and capped and would require more frequent inspections. 

Bank of America reports first quarter loss

April 16, 2014

(The Charlotte Observer)

Bank of America reported a first-quarter loss of $276 million compared with a profit of $1.5 billion for the same period a year ago. CEO Brian Moynihan said the costs of resolving mortgage-related issues, including last month's $9.5 billion settlement with the Federal Housing Authority, hurt the Charlotte-based bank's earnings.

Lowe's CEO pay grew 50% in 2013

April 15, 2014

(The Charlotte Observer)

Robert Niblock's total compensation for 2013 was $18.7 million, more than 50% higher than his 2012 earnings. The chief executive of Mooresville-based Lowe's received a stock grant that was 83% bigger than in 2012 and his bonus nearly doubled.

Investors urge shareholders to vote out four Duke Energy directors

April 15, 2014

(The Charlotte Observer)

In light of Duke Energy's problems with coal-ash contamination, two major investors are urging shareholders not to re-elect four directors that serve on a committee that oversees the utility's environmental, safety and health compliance.

 

TIAA-CREF buys Nuveen Investments for $6.25 billion

April 15, 2014

(The Charlotte Observer)

New York-based TIAA-CREF will buy Chicago-based Nuveen Investments for $6.25 billion to expand its product offerings. It is unknown whether the deal will affect employment at the retirement-services provider's Charlotte campus, its largest corporate office with about 3,100 employees.

Park Sterling CEO earns 32% more in 2013

April 15, 2014

(The Charlotte Observer)

The chief executive of Charlotte-based Park Sterling Bank earned about 32% more in 2013 than the year before. Jim Cherry's total compensation for the year was $750,846, a sum which included a $200,000 cash bonus. 

Charlotte will pay $1.3 million for PCB cleanup

April 15, 2014

(The Charlotte Observer)

Charlotte City Council approved $1.3 million for testing and decontamination of PCBs found in the city's sewer system in February. The toxic chemicals were first linked to a grocery store grease trap and have been detected at two water treatment plants. 

Mitchell drops out of congressional race for Watt's seat

April 15, 2014

(The Charlotte Observer)

Citing an inability to raise enough money and a crowded ticket, former Charlotte City Council member James Mitchell has dropped out of the 12th Congressional District race. He was one of six Democrats vying for the seat previously held by Mel Watt. 

Massive Philip Morris plant in Concord sold

April 14, 2014

(The Charlotte Observer)

The former Philip Morris cigarette plant in Concord has been sold to a company that plans a project involving clean energy. The 3.5-million-square-foot plant on 2,100 acres has been vacant since 2009. A spokesman for Victory Industrial Park LLC says more details will be released about the project in a few months.